Catalyst Pharmaceuticals Raises FY23 Revenue Guidance To $390M-$395M Vs $389.14M Est.
Portfolio Pulse from Benzinga Newsdesk
Catalyst Pharmaceuticals has increased its FY23 revenue guidance to $390M-$395M, up from the estimated $389.14M. This represents an 82% to 84% increase in total revenues compared to 2022. The company's forecast is based on the assumption of continued recovery in macroeconomic and healthcare activity throughout 2023 due to the current COVID-19 environment.
November 08, 2023 | 9:25 pm
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Catalyst Pharmaceuticals has raised its FY23 revenue guidance, which could indicate strong future performance. This news is likely to be positively received by the market.
Catalyst Pharmaceuticals' raised revenue guidance for FY23 indicates that the company expects strong performance in the future. This is typically seen as a positive sign by investors and could lead to an increase in the company's stock price in the short term.
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